Common use of Term Life Insurance Clause in Contracts

Term Life Insurance. The school employer will pay for each full-time teacher under contract the cost (all but $1.00) of a $50,000 term life insurance policy, which includes accidental death and dismemberment riders. The insurance company is determined and selected solely by the school employer. It is understood that each teacher must pay a minimum of $1.00 toward this insurance plan.

Term Life Insurance. The school employer will pay There shall be provided for each full-time teacher who shall be under contract to the School Corporation (at the cost (all but of $1.001.00 to the employee) of a $50,000 term life insurance policy, which includes and accidental death and dismemberment riders. The policy in the amount of fifty thousand dollars ($50,000) and the liability of the School Corporation shall be limited to providing such insurance company is determined and selected solely by the school employer. It is understood that each teacher must pay a minimum of $1.00 toward this insurance planpolicy.